Ixigo IPO: From launch date to size - here's all you need to know about the upcoming issue
₹120 crore and an offer for sale (OFS) of up to 6.66 crore shares. In the OFS, stakeholders such as SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics, and Placid Holdings will sell part of their stakes.Also read: Kronox Lab Sciences IPO Day 2: Should you subscribe or not? Check GMP, key dates, subscription status, more.The offering is being conducted through the book-building process, with 75 per cent of the IPO reserved for qualified institutional buyers, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors.The net proceeds from the public offer are intended to be used for funding working capital requirements, investments in technology, supporting inorganic growth through acquisitions and other strategic initiatives, and general corporate purposes.Ixigo is a travel technology company dedicated to empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels.
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